19. When Congress passed a law that imposed a tax designed to fund its Social Security and Medicare programs, it wanted employers and workers to share the burden of the tax equally. Most economists who have studied the incidence of the tax have concluded

Question

Business

Carlee Price

29 November, 21:38

19. When Congress passed a law that imposed a tax designed to fund its Social Security and Medicare programs, it wanted employers and workers to share the burden of the tax equally. Most economists who have studied the incidence of the tax have concluded

+5

Answers (1)

Know the Answer?

Roberto Miller · Answer 1

The correct answer is the burden of the tax falls almost entirely on workers.

Explanation:

The income tax is a tax that taxes the utility of people, companies, or other legal entities. The income tax is the backbone of the tax system because it links savings with investment, and has repercussions on incentives in labor markets and enterprises.